DAILY TECHNICAL ANALYSIS OF JP MORGAN CHASE & TRADING TIPS

JP MORGAN CHASE Technical Analysis: Weekly Chart

In the weekly charts, JP MORGAN CHASE is trading in a down channel.

It is trading below all SMA.

The immediate support is 127.25 & the resistance level is at 139.62.

JP MORGAN CHASE is trading in the down channel until there is trend reversal.

JP MORGAN CHASE Technical Analysis: Daily Chart

In the daily charts, JP MORGAN CHASE is trading in a down channel.

It is trading below all SMA.

The immediate support is 128.90 & the resistance level is 133.42.

JP MORGAN CHASE is trading in the down channel until there is trend reversal. 

How to Trade JP MORGAN CHASE this Week:

JP MORGAN CHASE will follow the downtrend until their trend reversal. So, remain bearish on JP MORGAN CHASE

TRADE SUGGESTION- SELL AT 131.49, TAKE PROFIT AT 128.90 AND STOP LOSS AT 133.42